Comment Comment by aantix LLC? You’re leaving thousands on the table.Switch to an s-Corp.30% of the gross will be paid as a salary, as an employee of the s-Corp. you must pay social security, etc on that.The other 70% can be taken as a dividend distribution As the owner of the s-corp. Thats not subject to social security, etc.Will save you ~15% in taxes.at your level, it’s Well worth the cost of the cpa to handle the payroll, quarterly, etc. parent aantix 6 years ago
Switch to an s-Corp.
30% of the gross will be paid as a salary, as an employee of the s-Corp. you must pay social security, etc on that.
The other 70% can be taken as a dividend distribution As the owner of the s-corp. Thats not subject to social security, etc.
Will save you ~15% in taxes.
at your level, it’s Well worth the cost of the cpa to handle the payroll, quarterly, etc.